The exchange rate Yuan/US$ has been decreasing in the last few months. As we can see in the chart be

The exchange rate Yuan/US$ has been decreasing in the last few months. As we can see in the chart below, last November we needed approximately 6.95 Yuans to exchange for 1 US$. Currently, we need only about 6.70 Yuans to buy 1 US$.

Following up on question 2, let's assume that the Chinese government decides today to eliminate the import tariff on soybeans. If the exchange rate Yuan/US$ now starts increasing during the next few months, would it enhance or reduce the impact of the elimination of the import tariff? Explain your answer.